Think about a firm that you have done business with recently. What industry does
ID: 1239552 • Letter: T
Question
Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry. What market structure would this industry fall under? What are the names of other firms in this industry? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your classification of the firm. Use the characteristics/features of the different market structure to determine which market structure to classify your chosen firm.
I recently did business with Publix grocery which comes from the grocery store industry.
Explanation / Answer
ok FIRM = citibank i-Banking industry other firms - royal bank of Scotland it is an oligopoly it is justified as it deals with high finances with fairly high barriers of entry, limited competition, so oligopoly I guess I have answered your questions.. So please rate If you were looking for something else than please let me know but please rate I would be happy to help more
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